<PAGE>

                                                                      EXHIBIT 24

                              INLAND STEEL COMPANY

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, a Delaware corporation, do hereby
nominate, constitute and appoint Robert J. Darnall, Cynthia C. Heath, Vicki L.
Avril and Charles B. Salowitz, or any one or more of them, my true and lawful
attorneys and agents to do any and all acts and things and execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable to enable said Inland Steel Company to comply with the Securities
Exchange Act of 1934, as amended, and any requirements of the Securities and
Exchange Commission in respect thereof, in connection with the preparation and
filing of the Annual Report on Form 10-K of said Inland Steel Company for the
fiscal year ended December 31, 1997, including specifically, but without
limitation thereof, full power and authority to sign my name as a director
and(or) officer of said Inland Steel Company to said Annual Report on Form 10-K
and any amendment thereto, hereby ratifying and confirming all that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
thereof.

     IN WITNESS WHEREOF, I have hereunto set my hand this 21st day of January,
1998.

                                     ------------------------------------------
                                                 A. Robert Abboud
<PAGE>

                                                                      EXHIBIT 24

                              INLAND STEEL COMPANY

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, a Delaware corporation, do hereby
nominate, constitute and appoint Robert J. Darnall, Cynthia C. Heath, Vicki L.
Avril and Charles B. Salowitz, or any one or more of them, my true and lawful
attorneys and agents to do any and all acts and things and execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable to enable said Inland Steel Company to comply with the Securities
Exchange Act of 1934, as amended, and any requirements of the Securities and
Exchange Commission in respect thereof, in connection with the preparation and
filing of the Annual Report on Form 10-K of said Inland Steel Company for the
fiscal year ended December 31, 1997, including specifically, but without
limitation thereof, full power and authority to sign my name as a director
and(or) officer of said Inland Steel Company to said Annual Report on Form 10-K
and any amendment thereto, hereby ratifying and confirming all that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
thereof.

     IN WITNESS WHEREOF, I have hereunto set my hand this 22nd day of January,
1998.

                                     ------------------------------------------
                                                 James A. Henderson
<PAGE>

                                                                      EXHIBIT 24

                              INLAND STEEL COMPANY

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, a Delaware corporation, do hereby
nominate, constitute and appoint Robert J. Darnall, Cynthia C. Heath, Vicki L.
Avril and Charles B. Salowitz, or any one or more of them, my true and lawful
attorneys and agents to do any and all acts and things and execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable to enable said Inland Steel Company to comply with the Securities
Exchange Act of 1934, as amended, and any requirements of the Securities and
Exchange Commission in respect thereof, in connection with the preparation and
filing of the Annual Report on Form 10-K of said Inland Steel Company for the
fiscal year ended December 31, 1997, including specifically, but without
limitation thereof, full power and authority to sign my name as a director
and(or) officer of said Inland Steel Company to said Annual Report on Form 10-K
and any amendment thereto, hereby ratifying and confirming all that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
thereof.

     IN WITNESS WHEREOF, I have hereunto set my hand this 20th day of January,
1998.

                                     ------------------------------------------
                                                 Robert B. McKersie
<PAGE>

                                                                      EXHIBIT 24

                              INLAND STEEL COMPANY

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, a Delaware corporation, do hereby
nominate, constitute and appoint Robert J. Darnall, Cynthia C. Heath, Vicki L.
Avril and Charles B. Salowitz, or any one or more of them, my true and lawful
attorneys and agents to do any and all acts and things and execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable to enable said Inland Steel Company to comply with the Securities
Exchange Act of 1934, as amended, and any requirements of the Securities and
Exchange Commission in respect thereof, in connection with the preparation and
filing of the Annual Report on Form 10-K of said Inland Steel Company for the
fiscal year ended December 31, 1997, including specifically, but without
limitation thereof, full power and authority to sign my name as a director
and(or) officer of said Inland Steel Company to said Annual Report on Form 10-K
and any amendment thereto, hereby ratifying and confirming all that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
thereof.

     IN WITNESS WHEREOF, I have hereunto set my hand this 23rd day of January,
1998.

                                     ------------------------------------------
                                                   Leo F. Mullin
<PAGE>

                                                                      EXHIBIT 24

                              INLAND STEEL COMPANY

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, a Delaware corporation, do hereby
nominate, constitute and appoint Robert J. Darnall, Cynthia C. Heath, Vicki L.
Avril and Charles B. Salowitz, or any one or more of them, my true and lawful
attorneys and agents to do any and all acts and things and execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable to enable said Inland Steel Company to comply with the Securities
Exchange Act of 1934, as amended, and any requirements of the Securities and
Exchange Commission in respect thereof, in connection with the preparation and
filing of the Annual Report on Form 10-K of said Inland Steel Company for the
fiscal year ended December 31, 1997, including specifically, but without
limitation thereof, full power and authority to sign my name as a director
and(or) officer of said Inland Steel Company to said Annual Report on Form 10-K
and any amendment thereto, hereby ratifying and confirming all that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
thereof.

     IN WITNESS WHEREOF, I have hereunto set my hand this 21st day of January,
1998.

                                     ------------------------------------------
                                                 Jean-Pierre Rosso
<PAGE>

                                                                      EXHIBIT 24

                              INLAND STEEL COMPANY

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, a Delaware corporation, do hereby
nominate, constitute and appoint Robert J. Darnall, Cynthia C. Heath, Vicki L.
Avril and Charles B. Salowitz, or any one or more of them, my true and lawful
attorneys and agents to do any and all acts and things and execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable to enable said Inland Steel Company to comply with the Securities
Exchange Act of 1934, as amended, and any requirements of the Securities and
Exchange Commission in respect thereof, in connection with the preparation and
filing of the Annual Report on Form 10-K of said Inland Steel Company for the
fiscal year ended December 31, 1997, including specifically, but without
limitation thereof, full power and authority to sign my name as a director
and(or) officer of said Inland Steel Company to said Annual Report on Form 10-K
and any amendment thereto, hereby ratifying and confirming all that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
thereof.

     IN WITNESS WHEREOF, I have hereunto set my hand this 21st day of January,
1998.

                                     ------------------------------------------
                                                 Joshua I. Smith
<PAGE>

                                                                      EXHIBIT 24

                              INLAND STEEL COMPANY

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, a Delaware corporation, do hereby
nominate, constitute and appoint Robert J. Darnall, Cynthia C. Heath, Vicki L.
Avril and Charles B. Salowitz, or any one or more of them, my true and lawful
attorneys and agents to do any and all acts and things and execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable to enable said Inland Steel Company to comply with the Securities
Exchange Act of 1934, as amended, and any requirements of the Securities and
Exchange Commission in respect thereof, in connection with the preparation and
filing of the Annual Report on Form 10-K of said Inland Steel Company for the
fiscal year ended December 31, 1997, including specifically, but without
limitation thereof, full power and authority to sign my name as a director
and(or) officer of said Inland Steel Company to said Annual Report on Form 10-K
and any amendment thereto, hereby ratifying and confirming all that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
thereof.

     IN WITNESS WHEREOF, I have hereunto set my hand this 21st day of January,
1998.

                                     ------------------------------------------
                                                 Nancy H. Teeters
<PAGE>

                                                                      EXHIBIT 24

                              INLAND STEEL COMPANY

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, a Delaware corporation, do hereby
nominate, constitute and appoint Robert J. Darnall, Cynthia C. Heath, Vicki L.
Avril and Charles B. Salowitz, or any one or more of them, my true and lawful
attorneys and agents to do any and all acts and things and execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable to enable said Inland Steel Company to comply with the Securities
Exchange Act of 1934, as amended, and any requirements of the Securities and
Exchange Commission in respect thereof, in connection with the preparation and
filing of the Annual Report on Form 10-K of said Inland Steel Company for the
fiscal year ended December 31, 1997, including specifically, but without
limitation thereof, full power and authority to sign my name as a director
and(or) officer of said Inland Steel Company to said Annual Report on Form 10-K
and any amendment thereto, hereby ratifying and confirming all that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
thereof.

     IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of January,
1998.

                                     ------------------------------------------
                                                  Arnold R. Weber